Lack of Suitability

Representing Investors Nationwide

Oppenheimer Order by FINRA to Pay $3.8 Million to Customers for "Potentially Excessive Sales Charges"

The Financial Industry Regulatory Authority (FINRA) has ordered Oppenheimer & Co. Inc. to pay more than $3.8 million in restitution to customers who incurred “potentially excessive sales charges” caused by early rollovers of unit investment trusts (UITs). The securities regulator also fined the firm $800,000 for failing to reasonably supervise the early UIT rollovers.

UBS Ordered To Pay Largest FINRA Award To Date for Losses Associated with Puerto Rico Municipal Bonds and Bond Funds

This week, a Financial Industry Regulatory Authority (FINRA) panel ordered UBS Financial Services Inc. (UBS) to pay restitution of nearly $20 million dollars for losses associated with the recommendation and sale of Puerto Rico bonds and closed-end funds sold to a UBS customer and his associates. This is the largest amount tha

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